Assignment # 1 1. What is chart of accounts? Chart of accounts (COA) is a list of the accounts used by an organization. The list can be numerical‚ alphabetic‚ or alpha-numeric. The structure and headings of accounts should assist in consistent posting of transactions. Each nominal ledger account is unique to allow its ledger to be located. The list is typically arranged in the order of the customary appearance of accounts in the financial statements‚ profit and loss accounts followed by balance
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socially in the 1960’s. The origin of this source is an article that was written by Emily Marsden and published in 2014. Its purpose is to inform people like me‚ on the Hippies Movement of the 1960’s. It is giving me information like how the Hippies started and where they started. A value from this article is that the Hippie movement helped facilitate the “new way of life”. They went against
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Prohibition and the Rise of Organized Crime Peter H. Mitchell Neumann University Thesis: Although prohibition’s goal was to increase a sense of integrity in the United States‚ it encouraged normally law-abiding citizens to break the law‚ enabled the growth and influence of organized crime‚ and increased levels of corruption in government and law-enforcement. Outline: I. Introduction A. Definition of Prohibition B. Eighteenth Amendment C. Medicinal Use D. Sacramental Use II. Affects
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NATURE OF ACCOUNTS A separate account is maintained for each item in the balance sheet. Transactions may be recorded by entering the amount by which each item is affected into the respective account. The process of recording transactions consists of • T-Accounts. The T-account‚ named for its shape‚ is a convenient way of representing an account on a piece of paper. The T‚ with the account name entered at the top‚ permits transaction information to be entered on either side of the vertical
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Racism in the Women’s Suffrage Movement The many women of the Women’s Suffrage movement were powerful leaders who were willing to fight the highest of authorities for what they believed in. During their fight they faced harsh criticism with many men telling them they didn’t belong in politics‚ they belonged in the house. However‚ they persevered‚ and through a large amount of speeches‚ marches‚ and other forms of protests which spanned nearly a century‚ they finally received their right to vote
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to go by saving my money. I would try so hard to not spend it on candy or ice cream but that would never work. I would always hear my parents talk about going to the bank to make a deposit. I never would ask them what deposits were. A few years had passed and I finally asked my parents what deposits were? My father told me a deposit is something you take to the bank. And I said is it money? And why do you take your money there can’t you just keep it in your pocket? And he told me son if I were to keep
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The Chart of Accounts The increases and decreases in accounting element as affected by a business transaction are recorded in a device called account name‚ account title or account. Each accounting element is composed of several accounts which describe the related economic transactions and events. To maintain uniform account name‚ the business must have a listing of all the accounts it uses to record economic transactions. This listing of all accounts is called “Chart of Accounts.” The Chart of
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auditors of companies in India. The scope for this lucrative career is bright in an economically developing nation like ours and as such‚ the career can be termed as challenging and rewarding for competent professionals in the field. 2) Finance & Accounts A bachelor’s degree is the minimum prerequisite for most careers in the accounting industry. The industry is growing and is expected to continue to grow as laws and policies change and as more companies have their finances closely inspected. This
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Success is never an accident. It is always a result of confidence aim and hard work Man has been in this world for millions of years his journey from an ape to Neanderthal to homosappiens to man he is now is a process called evolution .in between all these years man has never been stagnant ‚he was and is still doing progress in all the fields .the desire to go ahead had always been there which never let him stagnant. Hard work was also there‚ but the most important thing he had which played a major
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LECTURE 1 PARTNERSHIP ACCOUNTS 1.1 LECTURE OUTLINE 1.1 The provision of the Partnership Act 1.1.1 Formation/ membership limits 1.1.2 Rights of partners 1.1.3 Obligations of partners 1.1.4 Dissolutions of partnerships Business/ Firm 1.1.5 Privileges of partners 1.2 Realignments 1.2.1 Treatment of goodwill in partnership Admission of new partners 1.2.2 Admission of new partners Retirement of partners 1.2.3 Retirement of partners 1.3 Dissolution of partnerships 1.3.1 Piece-meal Dissolutions
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